GlobalTranz

FEBRUARY 17, 2016

Forecasting Cost : Food, fashion, and retail all have seasonal turnover. In order to avoid excess inventory and keep your business lean, you must understand the pace of movement of each product. Overhead Cost : Warehouse Management Systems are expensive, and so are inventory managers. Lean is a new way of doing business.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Waste Reduction Vendor Strategies 120

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Unleashed

MAY 9, 2024

It measures the effectiveness of the production process in minimising waste, reducing costs, and maximising output with the available resources. Efficiency focuses on improving metrics like machine uptime, cycle time , defect rates, and utilisation of labour and equipment.

Manufacturing Procurement 52

Manufacturing Procurement Waste Reduction Resource Reduction Inventory Reduction 52

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. We have talked a great deal about the evaulation of suppliers on our blog and this post continues that great tradition. Cost of quality.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

SCMDOJO

MARCH 8, 2024

By negotiating lower MOQs with suppliers, businesses can reduce the amount of inventory they need to purchase at once. This iterative approach allows businesses to continuously improve their inventory management processes, leading to measurable success over time. Activate: Initiate a frame contract with the supplier.

Inventory Reduction 82

Inventory Reduction Optimal Sourcing Resource Reduction Cost Reduction Strategies 82

Unleashed

AUGUST 20, 2023

Here we break down what lead time is, the types of lead times in supply chain management , the factors that affect lead time, and how to shorten lead times to provide a better customer experience. There are many definitions for lead time in supply chain management. Let’s dive in. Here are a few of the most useful ones.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Shaman

MAY 21, 2013

We finished our report on the maturation of hospital supply chains , and I have put the finishing touches on the Healthcare Supply Chain Index for this Thursday’s webinar. New Supply Chain Leader of a Regional Children’s Hospital. “We Supply Chain Leader of a Large Hospital. “We

Modeling 240

Modeling Modeling Software Pharmaceutical Procurement Analytics 240

ThroughPut

NOVEMBER 12, 2020

Warehousing is a vital function of global supply chain management, however often overlooked. McKinsey suggests that warehouse operations can be critical in presenting an untapped improvement opportunity in the supply chain. Lean warehousing. Manage critical KPIs.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

Locus

APRIL 3, 2023

An effective logistics solution is critical for optimizing supply chain efficiency, reducing costs, improving customer satisfaction, and supporting sustainability goals. Logistics management optimizes these functions and helps in creating an effective balance between the cost and benefits of holding inventory.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Supply Chain Planning Software 52

GlobalTranz

JANUARY 4, 2016

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. What 2016 Supply Chain Trends to you expect to see?

Supply Chain Design Software 120

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 120

Unleashed

JANUARY 14, 2024

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. The goal of manufacturing inventory management is to balance the supply and demand of products and minimise manufacturing costs and waste.

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

synchrono

OCTOBER 18, 2016

Lean Manufacturing relies heavily on trusted relationships with suppliers and pre-negotiated terms of engagement. Late shipments, short shipments, and other supply chain performance concerns are all captured and presented in terms of percentage of conformance to the service level agreement. Eliminating inventory waste.

Manufacturing Procurement 40

Manufacturing Procurement Agile and Lean Supply Chain Demand Planning Software Optimization Software 40

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

GlobalTranz

JULY 12, 2016

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. Measure what matters for continuous improvement in your processes.

Material Savings 120

Material Savings Cost Reduction Strategies Waste Reduction Optimal Sourcing 120

synchrono

JANUARY 31, 2017

LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.”. Mark also writes: “Metrics that have the attention of business and manufacturing leaders tend to be those that get measured and improved upon by their employee teams.”. Metrics for Action.

Manufacturing Procurement 40

Manufacturing Procurement Procurement Analytics Metrics Manufacturing 40

The Logistics of Logistics

OCTOBER 8, 2012

The relationship will not work without trust and Continuous Improvements through constant communication in your relationship. Chuck specializes in Supply Chain Optimization, Third Party Logistics (3PL) and International Purchasing and Importing Consulting. Chuck Intrieri is the owner of Charles M.

Third Party Logistics 145

Third Party Logistics Negotiating Skills Purchasing Skills KPI 145

Unleashed

FEBRUARY 12, 2024

With a simple calculation, you can understand what it costs to store and maintain goods. This number can then be used as a benchmark for continual improvement, supporting sustainable business growth. This includes: Labour costs for warehouse personnel Equipment maintenance and depreciation (e.g.,

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

GlobalTranz

FEBRUARY 16, 2016

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. In this first part, I will focus on 6 places that you can apply to your organization to reduce costs and increase profit.

Cost Reduction Strategies 120

Cost Reduction Strategies Inventory Reduction Vendor Strategies Material Savings 120

ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. To address these challenges, supply chain professionals must adopt advanced forecasting methods. Let’s get started with definitions, differences and benefits.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

6 River Systems

MAY 8, 2020

Guy Courtin, Director of Partners and Alliances at 6 River Systems, has a 15-year history in supply chain and has long been a go-to resource for better understanding the impact of technology on the future of the industry. Of course, the overarching question is how our supply chains will be impacted by the sudden shift in behavior.

Supply Chain Software 69

Supply Chain Software Pharmaceutical Agile and Lean Supply Chain Predictive Analytics Software 69

RFgen

JUNE 29, 2017

A change to production demands has implications all the way through to the supply chain, and vice versa. This is particularly evident in the warehouse and supply chain segments, where companies that make improvements to underlying capabilities can empower other teams to work more efficiently.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Agile and Lean Supply Chain 52

RFgen

JUNE 29, 2017

A change to production demands has implications all the way through to the supply chain, and vice versa. This is particularly evident in the warehouse and supply chain segments, where companies that make improvements to underlying capabilities can empower other teams to work more efficiently.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Agile and Lean Supply Chain 52

RFgen

APRIL 10, 2023

In this article, we will explore the numerous benefits of accurate inventory management and how barcode software can play a significant role in helping businesses avoid missing inventory and improve their overall operations. Ensuring accuracy with barcoding ensures supply chain visibility. But not every system is the same.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Optimization Software Supply Chain Software 52

synchrono

FEBRUARY 27, 2017

Unsurprisingly more than two-thirds (68%) of the participants said streamlining the supply chain is the highest priority for discrete manufacturing companies. Interestingly a near identical percentage (67%) said that ERP (enterprise resource planning) solutions fall short of achieving accurate, real-time, visible supply chain data.

Supply Chain Visibility 40

Supply Chain Visibility Real-time Visibility Supply Chain Planning Software Supply Chain Software 40

Supply Chain Shaman

APRIL 7, 2016

I believe that supply chains build economies and save the world. I also believe that supply chains need a revolution. It pains me to see nine out of ten companies are stuck at the critical intersection of cost and inventory turns. Supply chains respond, but they do not sense. What drives my passion?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

GlobalTranz

DECEMBER 7, 2015

A recent report by Frost & Sullivan, “The Future of Parts and Service Retailing in the Automotive Aftermarket” , predicts that by 2025, 10 to 15 percent of all global parts sales will be made online. Advanced Analytics Continue to Get a Bigger Plate at the Manufacturing Dinner Table. Increasing Equipment Uptime.

Manufacturing Procurement 120

Manufacturing Procurement Analytics Software Trends Supply Chain Design Software 120

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

Logistics Bureau

DECEMBER 20, 2016

Despite the apparent complexities involved in supply chain management, achieving excellence really doesn’t have to be too difficult. Just review and build on our three fundamental pillars of great supply chain management. Pillar 1: Supply Chain Service Alignment. The Importance of Alignment.

Inventory Reduction 40

Inventory Reduction Cost Reduction Strategies Price Reduction Waste Reduction 40

Unleashed

MARCH 24, 2024

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Click here for a refresher on lean manufacturing as a concept. Philosophies, concepts and new ways of thinking.

Six Sigma 52

Six Sigma Supply Chain Design Software Inventory Management Software Demand Planning Software 52

GlobalTranz

OCTOBER 27, 2015

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Implementing and sustaining LEAN initiatives : 5S, Kaizen, Kanban and LEAN Six Sigma to bring value to the customer and go beyond their expectations. Both find a “win-win” middle ground.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Order fulfilment is just one part of the supply chain. Delays or disruptions in the supply chain can have a effect on order fulfilment.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

Precoro

FEBRUARY 26, 2024

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Strategies Optimization Software Negotiating Skills 105

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries. We plan to continue developing FMEA-based quality inspection programs to reduce our PPM across our entire global supply base.”.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Logistics Bureau

JANUARY 1, 2018

How close are we to supply chains that can run themselves? Artificial intelligence can already automate much of supply chain. It can also make a supply chain that learns and adapts by itself. There is enough AI technology today for supply chain operations that can run unattended for long periods.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chain Network Software 53

GlobalTranz

MAY 6, 2015

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. Eliminate All Waste in the Supply Chain So That Only Value Remains.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

SCMDOJO

MARCH 7, 2023

But in case you haven’t come across it yet, let us briefly touch on what it is and its concept regarding supply chain management and what Transactional Process Improvement Kaizen really is. Kaizen is a Japanese term that means “continuous improvement.” The specified stages are highlighted below: 1.

Supply Chain Software 91

Supply Chain Software Waste Reduction Agile and Lean Supply Chain Supply Chain Optimization 91

Kinaxis

DECEMBER 3, 2014

Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #3 Not having end-to-end supply chain visibility. Reason #4 Making key decisions by modelling the supply chain in Excel. by John Westerveld.

Expense Reduction 250

Expense Reduction Procurement Analytics Cost Reduction Strategies Metrics 250